Examples of PPP Loan Amount in a sentence

As soon as reasonably practicable following receipt of the PPP Loan Amount by the Company, the Company shall deliver to Parent evidence that the PPP Loan amount has been deposited to the PPP Loan Escrow Account (the “PPP Loan Escrow Funding”).
The Parties agree that an amount equal to the PPP Loan Amount shall be held by the PPP Lender until such time as the Company receives confirmation that the PPP Loan has been forgiven.
The Subsidiary received loan proceeds in the amount of $342,500 (including all accrued interest during the term of the PPP Loan, the PPP Loan Amount).
In the event that any portion of the PPP Loan is not forgiven (any such amount which is not forgiven, the “Unforgiven PPP Loan Amount”), the PPP Lender will be entitled to recover such Unforgiven PPP Loan Amount from the PPP Escrow Fund and, if such Unforgiven PPP Loan Amount is less than the amounts then in the PPP Escrow Fund (such remainder, the “PPP Escrow Remainder”), the PPP Lender will release the PPP Escrow Remainder to the Company (prior to Closing) or Atlas (after the Closing), as applicable.
If and to the extent the PPP Loan is not forgiven within 90 calendar days after Closing, then Buyer will direct the Escrow Agent to release the PPP Loan Amount to an account designated by Buyer.

More Definitions of PPP Loan Amount

PPP Loan Amount means $234,300 plus any interest accrued thereon in accordance with the terms of the PPP Loan.

PPP Loan Amount shall have the meaning set forth in Section 6.13.

PPP Loan Amount means $4,591,500.

PPP Loan Amount means any outstanding amount of Debt related to that certain Paycheck Protection Note, dated as of April 29, 2020, from Citizens Bank N.A., as Lender, issued to the Company pursuant to the Paycheck Protection Program provided for in Section 7(a) of the Xxxxx Xxxxxxxx Xxx 0000, as amended by the CARES Act, that has not been repaid or forgiven prior to the Closing.

PPP Loan Amount has the meaning set forth in Section 2.8(a)(v).

PPP Loan Amount has the meaning set forth in Section 4.29(a).